Here’s the big news: a new study from the University of Illinois shows that, in the U.S., there is now a $15,000 cost per birthday gift.
The price for a cake is actually only $2.85 per cake, so the cost per cake is less than half of what it was in 2007.
And the new price includes the cost for the cake itself.
It is actually about $7.70, not the full $12.50 the price of the cake would have been in 2007, and it’s even less than the full price of a cake from the most recent year, which is $9.85.
The new study also finds that the cost is actually less than a month’s worth of gasoline in the average American household.
In other words, if you buy a cake for $3,000 in 2007 the total cost of buying a cake that same year would be about $6,600.
And, as the study notes, the price is even less of a bargain than buying the same cake for just $2,500 in 2019.
The cost of cake is $3.60 in 2019, or less than $6.00 in 2019 dollars.
That’s because the cost to produce a cake now is more than triple what it used to be.
The average price of producing a cake in 2019 was $1,935.75.
But now, the average price is $1.50, or $1 in 2019 currency.
The study also notes that a lot of the savings for the cost savings came from the cost reductions that were made to the cake.
The prices have been cut to $2 and $2 more per cake in 2020 and 2021, respectively.
And while there are a lot more cakes, the study finds that “the savings have not translated to the increased supply of cakes.”
So while there is a lot less cake, it seems to be mostly gone.
There are still a few dozen cakes sold every year.